Toshiba Wins Contract in Mexico to Supply Steam Turbines for Major Thermal Power Plant Retrofit and Modernization Project

Toshiba Corporation (TOKYO:6502), one of the world's leading suppliers of thermal power generation equipment, today announced that it has been selected to supply thermal power generation equipment for the retrofit and modernization of the Altamira Thermal Power Plant in Tamaulipas State, northeastern Mexico. Under the terms of the contract, Toshiba will supply Isolux Corsán a major constructor of EPC generation plants, with two high-efficiency 165MW steam turbines and related equipment. Altamira is currently equipped with two 158MW steam turbines and generators that Toshiba shipped to Comisión Federal de Electricidad (CFE), Mexico's state-owned electricity utility, in the early 1970’s.

CFE, the owner of Altamira, awarded an Isolux Corsán -led consortium, an engineering, procurement and construction (EPC) contract for the retrofit and upgrade of the plant, including fuel conversion from oil to petroleum coke. Isolux awarded the steam turbine contract to Toshiba on the strength of the company’s comprehensive technological and supply capabilities and its extensive experience in Mexico. Toshiba will deliver the equipment in 2016, and the upgraded power plant is scheduled to start commercial operation in 2017.

Mexico currently meets over 70% of its energy needs with thermal power. Under its 2013-2027 Energy Strategy, the country aims to generate cleaner and more efficient energy, and to achieve the balanced generation mix essential for ensuring a long-term, stable and secure power supply. In coming years, this plan, and investments in advanced new power plants, will support Mexico in further strengthening its energy independence.

Toshiba is an established presence in the North American thermal power steam turbine market, and has a reputation for advanced technical capabilities, competitive products and reliable delivery and operation. In the United States and Canada, Toshiba is a market leader in orders received and has supplied over 90 units. In Mexico, too, Toshiba is a major player. Since entering the market in 1973, the company has delivered 23 steam turbines and generators, including equipment for two combined-cycle projects—Valladolid, which started operation in 2006,and 264 CC Centro, now under construction, and geothermal plants.

Toshiba will continue to reinforce its thermal power plant business in North America, including plant retrofits and modernizations, by providing highly efficient and reliable equipment and services.